Benton Stakes Magnetic Trend Near Seagull and Disraeli Intrusions, 35km North of Escape Lake and TBN Deposit
Benton Stakes Magnetic Trend Near Seagull and Disraeli
Intrusions, 35km North of Escape Lake and TBN Deposit
Thunder Bay, Ontario--(Newsfile Corp. - February 20, 2020) - Benton Resources Inc. (TSXV: BEX) ('Benton' or 'the Company') is
pleased to announce that it has acquired a 100% interest in a new project by staking 2 multi-cell mining claims totaling 845
hectares.
The new claims cover an east-west magnetic high which extends from the Disraeli mafic-ultramafic intrusion, which is
prospective for Midcontinent Rift-style ('MCR'), magmatic Ni-Cu-PGE mineralization.
These new claims cover what could
represent a conduit feeder zone located just east of the Disraeli intrusion.
While the body of the Disraeli intrusion has been
explored in detail, minimal historical exploration has been conducted on the new property extending from the intrusion.
The
Disraeli, as well as the Seagull Lake intrusion (located approximately 8km south of Disraeli and held by White Metal Resources
Corp.), are described as being composed of ultramafic rocks with a high olivine content that has been derived from a deep
mantle source.
Ultramafic rocks are a key component to Ni-Cu-PGE mineralization associated with the MCR and other
Platinum-Palladium occurrences in this region which include the high grade TBN and Escape Lake deposits which Benton has
optioned to Regency Gold Corp.
Regency is now being led by mining executives Abraham Drost (CEO) and Jim Gallagher
(Executive Chairman), the latter being the former CEO of North American Palladium which recently sold to Impala Platinum for
C$1 Billion.
Benton will hold 24.6M shares of Regency. Benton will complete ground inspection of the new claims when weather
permits.
Thunder Bay North (TBN) Property includes high-grade intercepts of
46.65m @ 10.1g/t Platinum+Palladium+Gold
(5.267g/t
Pt + 4.555g/t Pd + 0.324g/t Au) with
1.62% Copper+Nickel
(1.154% Cu + 0.465% Ni), incl.
13.0 m @ 33.2 g/t Pt+Pd+Au
(17.305g/t Pt + 14.817g/t Pd + 1.061g/t Au) and
4.91% Cu+Ni
(3.755% Cu + 1.308g/t Ni), incl. a spectacular intercept of
2.6 m
@ 97.9 g/t Pt+Pd+Au
(52.769g/t Pt + 41.538g/t Pd + 3.630g/t Au) and
14.9% Cu+Ni
(11.599% Cu + 3.289% Ni) in drill hole
BL 10-197. Drilling highlights on the 220 hectare Escape Lake Property include
121.6 m @ 2.49 g/t Pt+Pd+Au
(1.04g/t Pt +
1.37g/t Pd + 0.07g/t Au)
and 0.86% Cu+Ni
(0.52% Cu + 0.34% Ni), incl.
33.4 m of 7.28 g/t Pt+Pd+Au
(3.01g/t Pt + 4.08g/t Pd
+ 0.19g/t Au)
and 2.26% Cu+Ni
(1.49% Cu + 0.77% Ni) in drill hole 12CL0009, and
162 m @ 1.42 g/t Pt+Pd+Au
(0.61g/t Pt +
0.76g/t Pd + 0.06g/t Au)
and 0.47% Cu+Ni
(0.28% Cu + 0.19% Ni), incl.
40.67 m 4.5 g/t Pt+Pd+Au
(1.92g/t Pt + 2.48g/t Pd +
0.18g/t Au)
and 1.26% Cu+Ni
(0.89% Cu + 0.36% Ni) in drill hole 11CL0005.
In addition Benton would like to announce that it has granted 2.25m stock options at an exercise price of $0.10 for a period of
five years from the date of issuance to directors, officers, employees and consultants of the Company.
The options are subject to
the vesting provisions contained within the Company's stock option plan.
QP
Nathan Sims (P.Geo.), Senior Exploration Manager for Benton Resources Inc., the 'Qualified Person' under National Instrument
43-101, has approved the scientific and technical disclosure in this news release and prepared or supervised its preparation.
On behalf of the Board of Directors of Benton Resources Inc.,
"Stephen Stares"
Stephen Stares, President
About Benton Resources Inc.
Benton Resources is a well-funded Canadian-based project generator with a diversified property portfolio in Gold, Silver, Nickel,
Copper, and Platinum group elements. Benton holds multiple high-grade projects available for option which can be viewed on
the Company's website. Many projects have an up-to-date 43-101 Report available.
Parties interested in seeking more information about properties available for option can contact Mr. Stares at the number below.
For further information, please contact:
Stephen Stares, President & CEO
Phone:
807-475-7474
Email:
Website:
www.bentonresources.ca
Twitter:
@BentonResources
Facebook:
@BentonResourcesBEX
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ADEQUACY OR ACCURACY OF THIS RELEASE.
The information contained herein contains "forward-looking statements" within the meaning of applicable securities
legislation. Forward-looking statements relate to information that is based on assumptions of management, forecasts of
future results, and estimates of amounts not yet determinable. Any statements that express predictions, expectations, beliefs,
plans, projections, objectives, assumptions or future events or performance are not statements of historical fact and may be
"forward-looking statements."
Forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to
differ from those reflected in the forward-looking statements, including, without limitation: risks related to failure to obtain
adequate financing on a timely basis and on acceptable terms; risks related to the outcome of legal proceedings; political
and regulatory risks associated with mining and exploration; risks related to the maintenance of stock exchange listings; risks
related to environmental regulation and liability; the potential for delays in exploration or development activities or the
completion of feasibility studies; the uncertainty of profitability; risks and uncertainties relating to the interpretation of drill
results, the geology, grade and continuity of mineral deposits; risks related to the inherent uncertainty of production and cost
estimates and the potential for unexpected costs and expenses; results of prefeasibility and feasibility studies, and the
possibility that future exploration, development or mining results will not be consistent with the Company's expectations; risks
related to gold price and other commodity price fluctuations; and other risks and uncertainties related to the Company's
prospects, properties and business detailed elsewhere in the Company's disclosure record. Should one or more of these
risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from
those described in forward-looking statements. Investors are cautioned against attributing undue certainty to forward-looking
statements. These forward looking statements are made as of the date hereof and the Company does not assume any
obligation to update or revise them to reflect new events or circumstances. Actual events or results could differ materially
from the Company's expectations or projections.
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